Was the 4-Year Crypto Cycle a Lie? — Why the Purchasing Managers Index (PMI) Is the Real Signal
The idea that Bitcoin follows a sacred four-year rhythm has become investment folklore. But the pattern that traders lean on most—the halving-driven four-year cycle—was never the true engine behind the monster rallies. The real pulse to watch is macro liquidity, and the best single indicator of that pulse is the Purchasing Managers Index (PMI). The…